I recently moved from the U.S. to Melbourne, Australia, and I have some questions regarding taxes and accountants.
I know the U.S. requires that I file a tax return every year regardless of where I’m living. I’m living in Australia on a permanent resident visa (I moved here in May of this year). This will likely make my whole tax situation more complicated than I’d feel comfortable dealing with, so I’d definitely like to hire an accountant to help me file both U.S. and Australian taxes, among other things. I’ve never hired an accountant for any reason so I have a bunch of questions. I guess this is sort of the Australian version of this question
, and I've seen this question
but am seeking a bit more info I guess.
Should I look for an accountant or tax preparer in Australia who specialises in U.S. expat taxes, or should I try to find an accountant in the U.S. that knows the Australian tax system? Would it be better to deal with two separate people instead, one for the U.S. and one for Australia? Do I even need someone to help me with the Australian taxes for that matter?
What about online tax services? Are they worth using for this? My taxes aren’t terribly complicated outside of the whole expat situation, and I’ve used TurboTax in the past.
I would also like advice regarding my U.S. 401k and what to do with it now that I no longer contribute to it and plan on living in Australia permanently. I really am kind of clueless about this sort of thing. Would an accountant help me with these things as well or do I need a “financial planner?”
Finally, and maybe most importantly, does anyone happen to have a recommendation for an accountant, preferably in Melbourne, that deals with U.S. expat taxes? Preferably someone that isn't too expensive.